The war in the Middle East is pushing oil prices higher. Goldman Sachs now thinks the average price for Brent crude will be over $100 a barrel this month because supply is being cut off. If the block at the Strait of Hormuz lasts longer, prices could rise even more. For April, analysts expect Brent
Defense Secretary Pete Hegseth said that worries about a closed Strait of Hormuz are overblown, claiming the U. S. has plans to keep oil moving even while Iran’s forces threaten shipping. He brushed off reports that the Pentagon had no strategy before the recent conflict, noting that Iran has long u
The U. S. announced that a refueling plane crashed in Iraq, killing all four crew members who were called heroes by the Defense Secretary. A briefing said that U. S. –Israeli attacks have damaged many Iranian targets, but the exact number was not confirmed. The Secretary also mentioned that Ir
The Brazilian Finance Ministry has nudged its inflation outlook upward for the current year, citing a rise in expected oil prices linked to tensions between the United States and Israel over Iran. The update comes just before the central bank’s upcoming policy meeting, where officials are weighing w
The new Fed leader is stepping into a difficult situation. Oil prices are climbing toward $100, and the market worries that this will keep inflation high. Private‑sector loans are also under pressure, especially those given to tech firms that could lose value if artificial intelligence changes th
Oil markets surged early Thursday, pushing the benchmark Brent crude above $100 a barrel after recent spikes near $120 triggered by attacks on shipping routes. The surge reflects growing worries that supply could be cut off from the Strait of Hormuz, a chokepoint where about one‑fifth of world oil p
The recent tensions between Iran and Western forces have pushed oil prices sharply higher, a change that ripples through the entire supply chain. When diesel climbs, shipping companies add extra fees to keep their operations profitable, and those costs are quickly passed on to shoppers. In the U.
A war that began with U. S. and Israeli air strikes two weeks ago is far from over, according to both sides. President Trump claims the United States has “won” the conflict but wants to finish it decisively, while Iran warns that oil could skyrocket to $200 a barrel if tensions continue. The fightin
The market stayed calm on Wednesday, even though hostilities between Iran and Israel—along with strikes against U. S. allies—continued to flare. Traders around the globe kept a close eye on the Strait of Hormuz, a narrow channel that links the world’s top oil producers to buyers. This passage carrie
President Trump has always linked the economy to stock and oil numbers. When U. S. forces hit Iranian targets last week, global energy markets reacted sharply. Oil prices climbed, with Brent crude almost 65 percent higher than before the conflict began. At the same time, stock markets fell.
